Canada’s relations with Hong Kong include longstanding and comprehensive political, commercial, and people-to-people ties. Canada and Hong Kong also share common values, among them respect for the rule of law, human rights, and individual freedoms.
Canada is working to deepen ties with Hong Kong to help grow the economy and strengthen the middle class.
Today, 10 new commercial contracts and agreements between Canadian and Hong Kong companies were announced that demonstrate the breadth of our commercial relationship. They represent people and businesses from a wide diversity of sectors, and a variety of export and investment partnerships and collaborative ventures.
Toronto-based Blueprint Software Systems, specializing in Requirement Management Solutions, has signed a contract with Manulife Asia to provide tools that both reduce risk and increase efficiencies around the delivery of major information technology projects. Manulife Asia is a division of Manulife, the leading international financial services group headquartered in Toronto with operations in 11 Asian markets including Hong Kong.
Misty Mountain Specialties of British Columbia signed a contract to supply BC wild chaga mushrooms to Joinluck Corporation Limited of Hong Kong. With these Canadian products, Joinluck Corporation Limited will launch a new BC wild chaga mushroom tea product in Hong Kong, and hope to achieve sales of $160,000 in the first year and double the sales in the second year. This will create job opportunities for Canadians as chaga in capsules, powder, and teas becomes more of a staple in Hong Kong.
Moon Enterprises Inc. of British Columbia announced the sale of $36 million worth of Canadian seafood to Worldwide Seafood Limited, including $6 million worth of live Canadian lobster, six container loads of frozen black cod, and eight containers of frozen cooked snow crab, among others.
Skyfold of Quebec announced the sale of one of its fully automatic vertical acoustic folding wall systems to Rosewood Hong Kong, a new luxury hotel. This is Skyfold’s biggest project in Hong Kong to date.
IJW & Co. Ltd. and Dartmouth Partners of Montreal announced the opening of a new office in Hong Kong via their subsidiary IJW Dorweiler Limited. This office has already announced the following partnerships:
1. IJW & Co. Ltd., alongside IJW Dorweiler Limited, will partner with Click Ventures to facilitate the creation of a parallel fund in Canada to provide Canadian limited partnerships with access to Click Ventures' international deal flow, facilitating investment in Canada and abroad in world-class technology companies.
2. IJW Dorweiler Limited will also partner with Undone Watches to provide assistance in business valuation and the sourcing of strategic partnerships throughout North America.
3. IJW Dorweiler Limited announced a third partnership with Hong Kong-based CTC Group Ltd. to develop hockey at the grassroots level in China in the run-up to the 2022 Beijing Olympics. This will bring Canadian branded expertise, hockey schools, and infrastructure, as well as Canadian talent (including instructors, coaches, and referees) to China to help popularize the sport. The projects, in various stages of development, are worth approximately $50 million.
Chinese investments in Canada:
Hong Kong-based AppoTech Limited announced that it has chosen to invest nearly $2 million to establish a Canadian research and development centre for its integrated circuit design in Richmond, BC. This investment will create up to 20 new engineering jobs by the end of 2017.
Gwen Miller Skin Care Products announced that Hong Kong-based Yukland Holdings Ltd. is investing $1 million to help the British Columbia-based company expand its reach in Asia.